Morning call - Financial sector lead the market
25/09/2024

Summary

In regular trading on Tuesday, the Dow rose 0.2%, the S&P 500 gained 0.25% and the Nasdaq Composite climbed 0.56%. Traders intensified bets on further interest rate cuts from the Federal Reserve this year after disappointing consumer confidence data, which fell to its lowest level in over three years. Investors now look ahead to new homes sales data on Wednesday and weekly jobless claims numbers on Thursday, as well as the highly-anticipated PCE report on Friday. Markets are also preparing for the third quarter earnings season.

 

VNINDEX closed at 1,276.99 (+8.51 points, +0.67%) with liquidity below the 20-session average. The market had 256 green codes and 119 red codes. The group of stocks contributing to the market's increase included BID VHM GVR while VNM, BMP, VCF contributed to the market's decrease. Foreign investors net sold more than VND 2,431.23 billion, VIB alone net sold VND 2,749.81 billion and if this amount is deducted, foreign investors net sold more than VND 300 billion.

 

  • World stocks: Waiting for the PCE data
  • Vietnamese stocks: Financial sector lead the market
  • Macro news
  • Business news: #BMS, #VNE, #DCM, #VIC, #PNJ, #PDR
  • Technical perspective and updated recommendations #KBC  
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
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